Description

Foreign company overview

In India, a foreign company is mandatory to follow certain special provisions as compared to a domestic company. For instance, a foreign company at the time of making an investment in India or setting up an office is required to comply with the Foreign Exchange Management Act (FEMA). Similarly, if the foreign company is involved in the selling of goods or providing services then it is required to comply with the Indian tax laws.

A ‘foreign company’ is an entity that is incorporated outside India, but has a place of business in India or conducts any business activity in India in any other manner. The accurate definition of a foreign company is given under the Companies Act, 2013.

Documents required for company incorporation

Certified copy of the charter, statutes, or memorandum and articles of the company or other instrument constituting or defining the constitution of the company (Mandatory).

List of directors and secretary of the foreign company (Mandatory).

Power of attorney or board resolution in favor of the authorized representative(s) (Mandatory).

Reserve bank of India approval letter (It is mandatory to attach an attested copy of such approval).